
LyteHorse Labs
The Most Advanced Upright ATV in the World.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Early VC | |
Total Funding | 000k |
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LyteHorse Labs, a Canadian company founded in 2018 by brothers Brad and Allen Bonk, specializes in the development and manufacturing of electric, all-terrain, stand-up vehicles. Brad Bonk, who has a background in building motorcycles and hot rods, initially conceived a stand-up vehicle for golf courses. After Allen, now CEO, and Brad tested the prototype by successfully towing a 5,000 lb SUV, they recognized the vehicle's broader potential and shifted focus.
The company's flagship product, the LyteHorse, is an electric performance vehicle (EPV) that resembles a cross between a stand-up scooter and an ATV. It operates with zero emissions and is virtually silent, positioning it as an alternative for various commercial and recreational applications. LyteHorse Labs markets its vehicles to a wide range of sectors, including law enforcement, military, first responders, search and rescue, mining, railroad, warehouse operations, and agriculture, as well as for recreational use like hunting and trail riding. Revenue is generated through direct sales and reservations via the company's website, with plans to establish a dealer and distributor network. In 2021, LyteHorse Labs announced a manufacturing partnership with Mayco International, a Tier 1 automotive supplier, to scale production for the US market.
The LyteHorse vehicle features a four-wheel-drive system with independent hub motors in each wheel, providing redundancy and stability. It weighs around 600 pounds, can reach speeds of up to 40 mph, and has a towing capacity of up to 2,500 pounds. The vehicle's standard battery configuration offers a range of approximately 80 miles, with options for extended-range batteries. Designed for all terrains, it can navigate through water up to two feet deep. Its stand-up design provides a higher vantage point and allows for easy mounting and dismounting, a feature highlighted for law enforcement and military use. The company offers extensive customization options, including racks, storage, and accessory mounts to adapt the vehicle for specific tasks.
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